TDS

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MAHESH PATIL (Querist)
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21 June 2017 is it required to make tds on bill amounted to Rs 35000/-, where material is Rs 32000/- and labour Rs 3000/- bill of electrical material and maintainable.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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21 June 2017 Is payment made for contract or what ??????

MAHESH PATIL

MAHESH PATIL (Querist)
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22 June 2017 yes it is contract

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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22 June 2017 You have to deduct TDS u/s 194C as your payment is more than Rs.30000/- in single transaction.

MAHESH PATIL

MAHESH PATIL (Querist)
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22 June 2017 but labour only rs 3000☺

MAHESH PATIL

MAHESH PATIL (Querist)
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22 June 2017 is tds applicable on software purchase amounted to Rs 54000/- with single purchase invoice, where vat separately shown on purchase invoice.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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22 June 2017 No matter how much is amount of labour if total payment for contract exceeds Rs.30000 then you have to deduct TDS

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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22 June 2017 No prov of deducting TDS on purchase of software.

Dibin Divyakumar

Dibin Divyakumar (Expert)
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22 June 2017 As Vat is shown separately in Invoice no TDS,

MAHESH PATIL

MAHESH PATIL (Querist)
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22 June 2017 but mam software purchase is a professional and technical services

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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22 June 2017 Software purchase is not a technical service

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